8x8 Inc (EGHT) Financial Statements (2024 and earlier)

Company Profile

Business Address 675 CREEKSIDE WAY
CAMPBELL, CA 95008
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments169,548137,628136,050152,868170,852346,482
Cash and cash equivalents168,513111,40091,205112,531137,394276,583
Short-term investments1,03526,22844,84540,33733,45869,899
Restricted cash and investments3565118,6918,17910,376 
Receivables63,04262,30757,40051,15037,81120,181
Capitalized contract cost36,99638,04835,48230,24122,44415,601
Other current assets32,52834,63037,99934,09535,67915,127
Total current assets:302,470273,124275,622276,533277,162397,391
Noncurrent Assets
Operating lease, right-of-use asset38,54652,44463,41566,66478,963
Property, plant and equipment55,66157,87179,01693,07694,38252,835
Long-term investments and receivables   2,671 16,083 
Long-term investments   2,671 16,083 
Intangible assets, net (including goodwill)359,269373,975395,080148,650152,30151,374
Goodwill267,453266,863266,867131,520128,30039,694
Intangible assets, net (excluding goodwill)91,816107,112128,21317,13024,00111,680
Capitalized contract cost, net56,31767,64475,66872,42753,30733,693
Restricted cash and investments4628188184628,641 
Other noncurrent assets13,99315,93417,97820,59719,8022,965
Other undisclosed noncurrent assets      8,100
Total noncurrent assets:524,248568,686634,646401,876423,479148,967
TOTAL ASSETS:826,718841,810910,268678,409700,641546,358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities122,725120,542141,78087,699110,44571,369
Taxes payable32,57312,12910,25113,862
Employee-related liabilities36,31929,87922,65618,437
Accounts payable49,49346,80249,72131,23640,26132,280
Accrued liabilities73,23273,74023,16714,45537,2776,790
Deferred revenue32,77834,90934,26220,7377,105
Debt 63,26062,932  5,875 
Contract with customer, liability3,336
Other undisclosed current liabilities11,76311,50415,48512,942  
Total current liabilities:230,526229,887191,527121,378123,42574,705
Noncurrent Liabilities
Long-term debt and lease obligation408,653428,814521,970390,891383,989216,035
Long-term debt, excluding current maturities408,653428,814447,452308,435291,537216,035
Liabilities, other than long-term debt77,86783,20314,4055,6362,4966,228
Deferred revenue10,12810,61511,430  
Contract with customer, liability6
Other liabilities8,3226,9652,9755,6362,4966,222
Operating lease, liability59,41765,62374,51882,45692,452
Total noncurrent liabilities:486,520512,017536,375396,527386,485222,263
Total liabilities:717,046741,904727,902517,905509,910296,968
Equity
Equity, attributable to parent109,67299,906182,366160,504190,731249,390
Common stock12311511810910396
Additional paid in capital956,005905,635956,599755,643625,474506,949
Accumulated other comprehensive loss(9,538)(12,927)(7,913)(4,193)(12,176)(7,353)
Accumulated deficit(836,918)(792,917)(766,438)(591,055)(422,670)(250,302)
Total equity:109,67299,906182,366160,504190,731249,390
TOTAL LIABILITIES AND EQUITY:826,718841,810910,268678,409700,641546,358

Income Statement (P&L) ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues836,472743,938638,130532,344446,237352,586
Cost of revenue
(Cost of Goods and Services Sold)
      
Gross profit:836,472743,938638,130532,344446,237352,586
Operating expenses(802,546)(810,230)(792,271)(678,493)(606,056)(443,574)
Operating income (loss):33,926(66,292)(154,141)(146,149)(159,819)(90,988)
Nonoperating income (expense)(17,462)(4,044)(21,629)(18,593)(11,717)2,818
Other nonoperating income2,7452,864    
Interest and debt expense(1,766)18,545    
Other undisclosed income from continuing operations before equity method investments, income taxes 18,545     
Income (loss) from continuing operations before equity method investments, income taxes:33,243(51,791)(175,770)(164,742)(171,536)(88,170)
Other undisclosed income (loss) from continuing operations before income taxes(16,779)(18,545)    
Income (loss) from continuing operations before income taxes:16,464(70,336)(175,770)(164,742)(171,536)(88,170)
Income tax expense (benefit)(3,807)(2,807)387(843)(832)(569)
Income (loss) from continuing operations:12,657(73,143)(175,383)(165,585)(172,368)(88,739)
Loss before gain (loss) on sale of properties:(175,383)(165,585)(172,368)(88,739)
Net income (loss) available to common stockholders, diluted:12,657(73,143)(175,383)(165,585)(172,368)(88,739)

Comprehensive Income ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):12,657(73,143)(175,383)(165,585)(172,368)(88,739)
Comprehensive income (loss):12,657(73,143)(175,383)(165,585)(172,368)(88,739)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(543)(5,014)(3,720)7,983(4,823)(1,708)
Comprehensive income (loss), net of tax, attributable to parent:12,114(78,157)(179,103)(157,602)(177,191)(90,447)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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